Motilal Oswal Q2FY27 Results: Operating PAT up 29% YoY to ₹718 Cr; Highest Ever H1 Profit
Motilal Oswal Financial Services Ltd. reported strong Q2FY27 results with Operating PAT up 29% YoY to ₹718 Cr and H1FY27 Total PAT at a record ₹2,583 Cr, up 51% YoY. Asset Management PAT grew 69% YoY, and the company secured a SEBI custodian license. Mr. Janak Dalal was appointed Senior Management Personnel, and the company plans to issue NCDs up to ₹3,000 Crore.
The announcement includes strong financial results with significant growth, a major regulatory approval (custodian license), a significant debt fundraising plan (₹3,000 Crore NCD issuance), and a key management designation, all of which are material to investors.
The company reported significant year-on-year growth in key financial metrics like Operating PAT and Total PAT, along with a record-breaking half-yearly profit. Positive developments include strong performance in the Asset Management segment, securing a crucial regulatory license, and a credit rating upgrade.
Motilal Oswal Financial Services Limited (MOFSL) announced its financial results for the quarter and half year ended September 30, 2026. The company reported a 29% year-on-year growth in Operating Profit After Tax (PAT) to ₹718 Crore for Q2FY27, and an 18% quarter-on-quarter growth. Total PAT for H1FY27, including Other Comprehensive Income (OCI), surged by 51% year-on-year to ₹2,583 Crore, marking a historic high for any half-yearly period.
The company's Asset Management business demonstrated strong performance, with PAT increasing by 69% year-on-year, now contributing 43% to the Operating PAT. Annual Recurring Revenue (ARR) assets grew by 26% year-on-year to ₹3.2 Lakh Crore, with ARR revenue up by 27% year-on-year to ₹1,182 Crore. MOFSL also secured a custodian license from SEBI, completing its institutional services value chain, with operations expected to commence in Q4FY27.
Key segmental highlights include a 43% year-on-year growth in Asset & Private Wealth Management PAT, contributing 58% to the consolidated Operating PAT. The company's credit rating was upgraded to AA+ / Stable by India Ratings, adding to existing ratings from CRISIL and ICRA. The Board of Directors also approved the designation of Mr. Janak Dalal as Senior Management Personnel (SMP) and authorized the issuance of Non-Convertible Debentures (NCDs) up to ₹3,000 Crore.
Mr. Motilal Oswal, MD & CEO, MOFSL, commented that the results reflect a deliberate shift in the earnings mix, with Asset Management becoming the largest profit pool and two-thirds of revenue being recurring, enhancing earnings resilience. He added that with AA+ ratings and a decade of growth funded by internal accruals, the company is well-positioned for future growth.
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